India Gold price today: FXStreet data shows an increase in Gold prices

Gold traded higher in India on Wednesday, with the rise reflected in data compiled by FXStreet.

At 12,198.48 Indian Rupees (INR) per gram, gold was costlier than on Tuesday, when it stood at INR 12,158.77.

Per tola, gold advanced from INR 141,817.50 a day earlier to INR 142,280.30.

Measurement Unit	Gold Rate in INR
1 Gram	12,198.48
10 Grams	121,987.20
Tola	142,280.30
Troy Ounce	379,415.30

To calculate Indian gold prices, FXStreet converts international prices using USD/INR and local measurement units. The figures are refreshed daily using market rates recorded at publication. Prices are just for reference and local rates could diverge slightly.

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Gold: Frequently Asked Questions

What Makes Gold an Investment Choice?

Widely used both to preserve value and to facilitate exchange, gold has held an important place throughout human history. Beyond its lustre and use in jewellery, the precious metal is now widely regarded as a safe-haven asset, or a sound investment in periods of turmoil. Because it is not dependent on any particular issuer or government, gold is also commonly viewed as a hedge against inflation and currency depreciation.

Which Buyers Account for the Most Gold?

The largest holdings of gold belong to central banks. To underpin their currencies during unsettled periods, they typically diversify their reserves and purchase gold, seeking to strengthen perceptions of both the economy and the currency. Substantial gold reserves can reinforce confidence in a country's solvency. According to World Gold Council data, central banks expanded their reserves by 1,136 tonnes of gold, valued at around $70 billion, in 2022. No year since records began has seen higher purchases. Emerging-economy central banks, including those of China, India and Turkey, are rapidly building their gold reserves.

How Does Gold Move Relative to Other Assets?

Both the US Dollar and US Treasuries are major reserve and safe-haven assets, and gold is inversely correlated with them. A decline in the Dollar typically supports gold, allowing investors and central banks to diversify their holdings during turbulent periods. An inverse relationship also exists between gold and risk assets: stock-market rallies tend to put pressure on gold prices, whereas selling in riskier markets generally benefits the precious metal.

Which Factors Drive Gold Prices?

A variety of influences can shift gold prices. Its safe-haven appeal means geopolitical unrest or concerns about a severe recession can send prices sharply higher. Since gold offers no yield, lower interest rates generally support it, while a higher cost of borrowing usually puts pressure on the yellow metal. Most price movements, however, hinge on the performance of the US Dollar (USD), as gold is quoted in dollars (XAU/USD). Dollar strength tends to restrain gold prices; a weaker Dollar, by contrast, is likely to lift them.

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